1Spatial secures €9m contract from Belgian customer

The new customer, which has not been identified, is a significant utility company. 1Spatial will produce and ensure the quality of the utility’s geospatial data.

The initial contract – won in a competitive tender – is for three years and covers electricity and gas networks. It will see 1Spatial's 1Integrate product used for its unique data quality control and data validation capabilities, alongside 1Spatial's geospatial data production services.

1Spatial will help the client produce a Digital Twin of its distribution network and enhance the quality and accuracy of its geospatial data. The project will enable the customer to carry out a wide range of activities, including distribution network management, connection works and repairs, in a more efficient, cost-effective manner, ensuring the safety of its team and customers.

1Spatial will receive €4.1m including €0.3m in term software licence revenue. It will utilise partners to deliver the balance of the work, with a total value €4.9 million over the three-year duration of the deal.

CEO, Claire Milverton, said: “This is a great competitive win for 1Spatial, further expanding our presence in Europe. Our new customer will use our unique technology and solutions to produce and improve the quality and accuracy of its geospatial data.

“This contract win adds to our growing ARR revenues and demonstrates the credentials of our enterprise offering and with the potential for expansion, we are excited to be working with this leading-edge operator.”

1Spatial’s global clients include national mapping and land management agencies, utility companies, transportation organisations, government and defence departments.

The AIM-listed business is headquartered at Cambridge Business Park and has operations in Ireland, the US, France, Belgium, Tunisia and Australia.